Kering (OTCMKTS:PPRUY) Shares Cross Below 50 Day Moving Average – What’s Next?

Kering SA (OTCMKTS:PPRUY)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.97 and traded as low as $32.76. Kering shares last traded at $32.77, with a volume of 133,845 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on PPRUY. Barclays reaffirmed an “underweight” rating on shares of Kering in a research report on Tuesday, October 7th. Citigroup restated a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Hsbc Global Res cut shares of Kering from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. HSBC downgraded shares of Kering from a “buy” rating to a “hold” rating in a research report on Friday, October 24th. Finally, Morgan Stanley raised shares of Kering from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Kering Price Performance

The business has a 50-day simple moving average of $34.97 and a two-hundred day simple moving average of $31.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.87 and a current ratio of 1.32.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.